ABX.TO vs. ^TNX
Compare and contrast key facts about Barrick Gold Corporation (ABX.TO) and Treasury Yield 10 Years (^TNX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ABX.TO or ^TNX.
Correlation
The correlation between ABX.TO and ^TNX is -0.07. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
ABX.TO vs. ^TNX - Performance Comparison
Key characteristics
ABX.TO:
0.56
^TNX:
0.25
ABX.TO:
0.97
^TNX:
0.51
ABX.TO:
1.12
^TNX:
1.06
ABX.TO:
0.30
^TNX:
0.07
ABX.TO:
1.62
^TNX:
0.48
ABX.TO:
10.55%
^TNX:
10.47%
ABX.TO:
30.72%
^TNX:
20.86%
ABX.TO:
-84.51%
^TNX:
-96.85%
ABX.TO:
-45.86%
^TNX:
-71.51%
Returns By Period
In the year-to-date period, ABX.TO achieves a 7.18% return, which is significantly higher than ^TNX's -1.31% return. Over the past 10 years, ABX.TO has underperformed ^TNX with an annualized return of 6.12%, while ^TNX has yielded a comparatively higher 8.51% annualized return.
ABX.TO
7.18%
4.32%
0.48%
18.37%
1.64%
6.12%
^TNX
-1.31%
-1.81%
16.08%
8.38%
21.57%
8.51%
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Risk-Adjusted Performance
ABX.TO vs. ^TNX — Risk-Adjusted Performance Rank
ABX.TO
^TNX
ABX.TO vs. ^TNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrick Gold Corporation (ABX.TO) and Treasury Yield 10 Years (^TNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
ABX.TO vs. ^TNX - Drawdown Comparison
The maximum ABX.TO drawdown since its inception was -84.51%, smaller than the maximum ^TNX drawdown of -96.85%. Use the drawdown chart below to compare losses from any high point for ABX.TO and ^TNX. For additional features, visit the drawdowns tool.
Volatility
ABX.TO vs. ^TNX - Volatility Comparison
Barrick Gold Corporation (ABX.TO) has a higher volatility of 7.00% compared to Treasury Yield 10 Years (^TNX) at 5.04%. This indicates that ABX.TO's price experiences larger fluctuations and is considered to be riskier than ^TNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.